The First State Bank of Red Wing

The First State Bank of Red Wing is headquartered in Red Wing and is the 228^th largest bank in the state of Minnesota. It is also the 5,770^th largest bank in the nation. It was established in 1915 and as of March of 2012, it had grown to 14 employees at 3 locations. The First State Bank of Red Wing has a 3-star health rating.

The First State Bank of Red Wing Checking Account Rates

The First State Bank of Red Wing Savings Account Rates

The First State Bank of Red Wing Money Market Rates

The First State Bank of Red Wing CD Rates

Data for Q1 2012

Institution Statistics The First State Bank of Red Wing FDIC Certificate # 8191 BankRate Report View Year Established 1915 Employees 14 Primary Regulator FDIC Assets and Liabilities Assets $69.95 million Loans $20.48 million Deposits $61.86 million Equity Capital $7.25 million Loan Loss Allowance $165,000 Unbacked Noncurrent Loans $1.43 million Historic Data - March 2011 Assets $67.43 million Equity Capital $6.17 million Loan Loss Allowance $160,000 Unbacked Noncurrent Loans $434,000 Profit Margin - Quarterly Net Interest Margin 3.09% Return on Assets 0.4% Return on Equity 3.92% Interest Income $660,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 The First State Bank of Red Wing had $1.43 million in non-current loans and owned real-estate with $7.41 million in equity and loan loss allowances on hand to cover it. This gives The First State Bank of Red Wing a Texas Ratio of 19.35% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First State Bank of Red Wing increased slightly from 6.86% as of March 31, 2011 to 19.35% as of March 31, 2012, resulting in a negative change of 182.17%. This indicates that the balance sheet and financial strength for The First State Bank of Red Wing has declined slightly in recent periods. Deposit Growth In the past year, The First State Bank of Red Wing has increased its total deposits by $939,000, resulting in 1.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The First State Bank of Red Wing has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The First State Bank of Red Wing has $69.95 million in assets with $7.41 million in equity, resulting in a capitalization level of 10.59%, which is above average.

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